Madhuveer Com 18 Network has received approval from board of directors to acquire 10,000 equity shares of Navkar Events having face value of Rs 10 per share and hence Navkar Events will become wholly owned subsidiary of Madhuveer Com 18 Network.
Navkar Events is emerging market player in the field of Film production and distribution, possessing rights of many films, shows etc. Its notable marketable presence is main reason of acquisition of shares. Accordingly, this acquisition of 100% of shares of Events Business under the transaction is made in furtherance of Company's objective to expand its business.
Madhuveer Com 18 Network is engaged in the Business of Entertainment, Pharma trading and consulting.
